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Kroger, Albertsons announce $25 billion merger deal

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It was unclear what impact the deal will have on the more than 710,000 employees who work for the two companies.

Local chapters of the United Food and Commercial Workers union that represent grocery workers issued a statement expressing concern about the deal, saying it will create a monopoly that will harm employees and consumers.

Some analysts noted that the combined company would position Kroger to become more competitive with industry leader Walmart, and suggested the larger organization would have more purchasing power that could lead to lower costs for consumers. Rodney McMullen, Kroger chairman and CEO, said in a statement the proposed merger will bring "superior value to customers, associates, communities and shareholders."

 

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Mergers always have layoffs and closures

I don’t like this . We need competition that way our food is handled more properly. Some people will lose their jobs and quality work is going out the door. I bet our produce is going get pretty bad . Ever since theshutdowns marketproducenotthesameandI thinkthiswillmakeitworse🙏

Closures and layoffs as they determine which stores to eliminate.

Along with Comcast, Apple, Verizon. Just direct deposit your paycheck to one place--the blob.

I hope they don't change Pavilions. I like Pavilions the way it is. I don't want it to be a Ralph's with their crowded aisles and general rudeness.

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Proposed Kroger-Albertsons merger could affect 100s of stores in North TexasOn Friday morning, the Albertsons and Kroger grocery store chains announced their intent to complete a $24.6 billion merger that could affect hundreds of stores in the Metroplex.
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King Soopers’ parent company Kroger and Albertsons to move forward with $25 billion mergerJUST IN: Kroger will acquire Albertsons for almost $25 billion. The parent company of King Soopers will merge with Albertsons in a move that will impact two of Colorado’s well-known retailers. I wish they would model after HEB. That's a different tier of grocery store. Soobertsons? Alberpers? Soosons? King Alberts? How is this good for the consumer?
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